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LVMH-Tiffany acquisition: Luxury deal will be worth $16.2 billion – CNN


The two companies announced Monday that LVMH will buy the Manhattan jeweler, famous for its little blue boxes and Fifth Avenue flagship store. The French luxury group will pay $135 per share, valuing Tiffany at about $16.2 billion. A deal had been expected for weeks. Tiffany and LVMH both confirmed in October that they were …